An agreement is a legally enforceable contract when they impose both rights and responsibilities on each party.

2. List the five essential elements of a contract.

The five essential elements of a contract are: offer and acceptance or a "meeting of the minds," consideration, capacity, genuine consent, and legal purpose.

3. What forms can a simple contract take?

Simple contracts can be verbal, written, or implied by conduct or performance.

4. Distinguish between an express contract and an implied contract, using original examples.

Express contract- is one in which all terms and conditions are defined clearly; these are both verbal and written contracts. Ex. The landlord presents Joe with a preprinted lease on the apartment Joe wants and Joe agrees to the terms and signs it.

This is an express, written contract.

Implied contract- nothing is stated or written precisely.

Contract verlengd!

Contracts

English: Newspaper Ad for the Carbolic Smoke Ball ...

Ex. You go into the college bookstore, pick up a 20 oz. bottle of Pepsi, take it to the cashier, pay for it and walk out of the store without a word being said.

5. What is the significance of a seal on a contract?

If there is a seal on the contract then it means that both the parties gave serious thought to entering the contract, that both parties are aware of their rights and responsibilities in the contract, and that both fully intend to complete their legal obligations.

17.3

1. In a contract, who is the offeror, and who is the offeree?

The offeror is the person making the offer and the offeree is the person accepting the offer.

2. Explain the term "meeting of the minds" as it relates to the laws of offer and acceptance.

More Law & Government Essays essays:

... offered her the money to launch a suffrage newspaper. In return he would be allowed to write a column about economics. Thus the Revolution was born. It's motto was "Men, their rights and nothing more; women, their rights and nothing less." Lucy Stone and ... 4, 1919 women were finally granted the right ...

... contract ... and child birth the right to have time off with no loss of position. This is only given however to woman who have a career involving full time and continuous employment and stops just 29 weeks after childbirth (Pascall 1995: 4). Parental leave, flexible hours and ... and are not offered ...

... and charm would return--if they could love him better, do everything right ... term to a life sentence. This is the information that I found when I looked up domestic abuse. As you can see some of these facts are rather grim but people are becoming more open to ideas and ... range from 2 to 4 million women ...

... and the Gay Rights Movement was one of the many that came out of this decade. Gaining a lot of momentum from the ideas of acceptance and equality sparked by the Civil Rights Movement, the Gay Rights Movement set out to achieve acceptance ... , Sexual Politics which was written in 1970, ''Lesbianism' ...

... and intellectual level across racial lines. And even if I were to accept the idea that affirmative action arouses spite and scorn from whites, then their 'right not to be made angry' (if it is a right at all) is easily trumped by Blacks' right ...

6 pages525Dec/19964.3

Students & Profs. say about us:

"Good news: you can turn to other's writing help. WriteWork has over 100,000 sample papers"